Aspen (Group) Holdings Limited Announces Full Settlement of RM105 Million Land Payment

Key Highlights:

• Completion of Land Payment: Aspen (Group) Holdings Limited (“Aspen”) has announced the full settlement of the land purchase cash payment amounting to RM105.0 million.
• Final Balance Paid: The remaining balance cash payment of RM52.0 million for the land was settled on 30 January 2026.
• Background: This payment is pursuant to a Supplemental Agreement entered into by Aspen’s wholly owned indirect subsidiaries, Aspen Vision Development Sdn. Bhd. (AVD) and Aspen Vision Tanjung Sdn. Bhd. (AVT), with Hong Hong Distribution Sdn. Bhd. (HHD).
• Previous Announcements: The company has provided prior updates on this transaction through announcements on 1 July 2025, 3 October 2025, and 23 January 2026.

Details for Investors:

• Strategic Importance: The successful completion of the RM105 million land payment is a significant milestone for Aspen. This demonstrates the company’s ability to fulfil its large-scale financial commitments, potentially paving the way for new developments and expansion initiatives.
• Potential Price Sensitivity: The completion of the payment removes financial uncertainty surrounding the land acquisition, which may positively influence investor sentiment and Aspen’s share value. It signals improved financial stability and progress in the company’s development pipeline.
• Future Updates: Aspen’s Board of Directors has committed to providing further updates should there be any material developments or new information related to this matter.

What Shareholders Need to Know:

• The full settlement of the land payment reinforces the company’s financial discipline and its commitment to advancing its property development portfolio.
• As land acquisition is a fundamental component of Aspen’s future project pipeline, this development could lead to new revenue streams or project launches, which may have a material impact on the company’s financial performance and stock valuation.
• Shareholders should monitor upcoming company announcements for further details on how this transaction will be capitalised or monetised in Aspen’s broader strategic plans.

Leadership Comment:

The announcement was made by Dato’ Murly Manokharan, President and Group Chief Executive Officer, highlighting management’s proactive approach in keeping stakeholders informed and maintaining transparency in major corporate actions.

Disclaimer: This article is based on company disclosures as of 30 January 2026. It is not investment advice. Investors should conduct their own research or consult with professional advisors before making investment decisions. The author and publisher are not liable for any losses incurred based on the information provided above.

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